A Step-by-Step-Guide on how to buy Obyte (GBYTE)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Obyte (GBYTE) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Obyte (GBYTE) Once your deposit has been affirmed, you'll directly have access to your assets and you can begin invest and trading. To invest in Obyte (GBYTE) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Obyte (GBYTE), you'll need to insert the cointype (GBYTE) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have marked this also. Click on “GBYTE/BTC” to progress.
Step 4 – Buy Obyte (GBYTE) As soon as you've found Obyte (GBYTE), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff Obyte (GBYTE) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of GBYTE you want to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of GBYTE. When you're satisfied, click on “Buy GBYTE”. Your order will be filled when a Vender trades their GBYTE for the price you offered.
Step 5 – Withdraw Obyte (GBYTE) Unless you're regularly trading, you should never keepyour crypto on an Exchange for an longer period of time. In order to take off your Obyte (GBYTE), hover over the tab called “Funds” and click on “Withdraw”. Obyte (GBYTE) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Obyte (GBYTE) by using the given drop-down box. Enter the volumen of Obyte (GBYTE) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.